5 Ways Intelligent Document Recognition Transforms Financial Services Applications

By Dan Lucarini, ibml

The combination of razor-thin margins, heightened compliance and security requirements, and ever-increasing customer service requirements are putting a strain on the document processing operations of financial services organizations such as banks, insurers, mortgage lenders and brokerage firms.

Complicating matters is the explosion of information that must be managed efficiently and securely – growing at an average of 35 percent annually for banks, according to a 2014 study by Aberdeen Group – and the increasingly diverse channels through which paper and electronic documents arrive.

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